Retail Ireland, the Ibec group that represents the Irish retail sector, today welcomed the publication by Government of the new Code of Conduct between Landlords and Tenants for Commercial Rents, which it hoped would lead to more realistic and constructive engagement by landlords to resolve the challenges presented to retailers by Covid restrictions.
“The new Code will hopefully encourage more landlords to sit down and work out practical solutions with tenants, which reflect the massive financial strain Covid has placed on businesses," said Retail Ireland director, Arnold Dillon.
"It is in everyone’s interests that disputes are resolved quickly and fairly, in a way that safeguards jobs and the viability of businesses into the future.
“Currently many landlords are not engaging constructively. The risk is that these cases will flood the court system, leading to business closures and job losses. To safeguard vulnerable businesses, Government should further explore an incentive driven arbitration model for disputes.
"This should include a facility for some State burden-sharing and provide short-term protection from eviction."
© 2020 Checkout – your source for the latest retail news. Article by Maev Martin.